How a school appoints via Re:Fit
- Define scope and savings target.
- Run an ESCO competition under the framework.
- Award to the ESCO with the best guaranteed-savings offer.
- ESCO designs, installs and (often) maintains for the contract life.
Relationship to PSDS
PSDS pays for the capital. Re:Fit is one of the routes by which the capital is procured. The two are complementary.
Lead time
9 to 18 months from kick-off to works-on-site for a Re:Fit call-off, longer than direct OJEU-style procurement but with risk transferred to the ESCO.
Pros and cons
- Pro: guaranteed-savings model transfers performance risk.
- Pro: proven framework, defensible procurement.
- Con: longer lead time than direct procurement.
- Con: ESCO margin reduces direct savings.
See: Re:Fit vs direct compare, Equans, Mitie.